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Rsg - Resgen - Nema Approval Received

Release Date: 23/03/2012 09:46:01      Code(s): RSG
RSG - Resgen - NEMA approval received                                           
Resource Generation Limited                                                     
Registration number ACN 059 950 337                                             
(Incorporated and registered in Australia)                                      
Share code on the JSE Limited: RSG                                              
Share code on the Australian Stock Exchange: RES                                
ISIN Code: AU000000RES1                                                         
("Resgen" or "the Company")                                                     
23 March 2012                                                                   
ASX Release                                                                     
NEMA approval received                                                          
Resource Generation Limited has received approval under the National            
Environmental Management Act (NEMA) for construction activities at its          
Boikarabelo mine.  The approval enables the company to construct the mine, all  
the required mine infrastructure and the associated 36 kilometre rail link to   
the existing rail network.                                                      
This environmental authorisation was given by the Limpopo Department of Economic
Development, Environment and Tourism (LEDET).                                   
Paul Jury, managing director, said: `We are very pleased to receive our         
development consent, which is the culmination of 15 months` close liaison and   
work with LEDET.  As a life of mine approval, it clears a major milestone to    
ensure the long term value that the Boikarabelo mine can provide to all         
stakeholders and the local community.                                           
Once we have received our Integrated Water Use Licence and signed a contract    
with Transnet Freight Rail, we will then be able to proceed to finalise funding 
for project construction to commence.`                                          
Contacts                                                                        
Paul Jury, Managing Director on (02) 9376 9000 or                               
Steve Matthews, Company Secretary on (02) 9376 9000                             
Media enquiries                                                                 
Anthony Tregoning (02) 8264 1000                                                
JSE Sponsor: Deloitte & Touche Sponsor Services (Pty) Limited                   
Resource Generation is developing the Boikarabelo coal mine in the Waterberg    
region of South Africa where there are probable reserves of 744.8 million tonnes
of coal on 35% of the tenements under its control.  Stage 1 of the mine         
development targets saleable coal production of 6 million tonnes per annum      
Date: 23/03/2012 09:46:01 Supplied by www.sharenet.co.za                     
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